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Tier 3Ranked #16 of 18 on The Quant List

Tower Research Capital quant salary and jobs

A long-running high-frequency firm run as independent teams, posting $150,000–$250,000 for its 2027 trader/researcher class.

$150k–$250k
base salary
63/100
Index score
New York · Chicago
Locations
Hiring
As of November 11, 2026

Quant roles at Tower Research Capital

Tower Research Capital is a New York high-frequency trading firm organised as a set of independent trading teams on shared infrastructure. Its campus listing combines trading and research into one Quantitative Trader/Researcher role, with separate quantitative developer internships.

Tower’s board showed 93 postings on Nov 11, 2026, 25 of them US quant, research or engineering reqs, 24 naming New York.

Worth knowing: Tower posts intern pay as a weekly range, $3,500–$5,700, rather than the annualized figure most firms on this list use.

Tower Research Capital quant salary

$150k–$250k
Base salary
Not published
First-year total comp (bonus not posted)

Base: “Anticipated New York and Chicago annual base salary range $150,000 – $250,000, plus eligible for discretionary bonus” on Quantitative Trader/Researcher – 2027, read from Tower’s board on Nov 11, 2026. Summer 2027 interns in trading/research and quantitative development are posted at $3,500–$5,700 a week. Experienced listings post $120,000–$200,000 for Quantitative Trader / Researcher – US, $150,000–$250,000 for Quantitative Researcher in Chicago and $120,000–$285,000 for Software Engineer, Trading Systems (C++).

Tower Research Capital pay by track

TrackRole titleNew-grad baseSummer 2027 internshipExperienced baseOpen now
Quant traderQuantitative Trader/Researcher$150k–$250k$3,500–$5,700 a week$120k–$200kYes
Quant researcherQuantitative Trader/Researcher$150k–$250k$3,500–$5,700 a week$120k–$250kYes
Quant developerQuantitative DeveloperNot posted$3,500–$5,700 a week$120k–$285kYes

Posted base pay, except figures marked “package”, which are the firm’s estimated annual compensation package. Bonuses, sign-on payments and housing are extra to base pay.

What Tower Research Capital employees report

Self-reported total compensation from Levels.fyi. These are not posted figures and play no part in the ranking. They cover every office and all years of experience, and the site does not show how many reports are behind each one.

Title on Levels.fyiTotal compensation
Software EngineerMedian $209K

Only figures the site labels a median or breaks out by level are shown. Source: Levels.fyi, read November 11, 2026.

See how Tower Research Capital compares in the full quant salary guide →

How Tower Research Capital scores

Compensation
6
Program maturity
6
Career capital
7
Momentum
6

Index score: 63/100. How we rank →

Tower Research Capital quant: common questions

Base: “Anticipated New York and Chicago annual base salary range $150,000 – $250,000, plus eligible for discretionary bonus” on Quantitative Trader/Researcher – 2027, read from Tower’s board on Nov 11, 2026. Summer 2027 interns in trading/research and quantitative development are posted at $3,500–$5,700 a week. Experienced listings post $120,000–$200,000 for Quantitative Trader / Researcher – US, $150,000–$250,000 for Quantitative Researcher in Chicago and $120,000–$285,000 for Software Engineer, Trading Systems (C++). By track, the posted new-grad base is $150k–$250k for quant traders, $150k–$250k for quant researchers and not posted for quant developers.
As of November 11, 2026: Open: Quantitative Trader/Researcher – 2027, summer 2027 internships for trader/researcher (including a PhD track) and quantitative developer, and experienced research and software reqs, as of Nov 11, 2026. Check the firm’s careers page for current listings.
Yes, summer 2027 internship listings were live on our last check. Bachelor’s through PhD; the campus listing asks for programming in Python or C++ and statistical modelling. A separate PhD trading internship is posted. The 2027 full-time and summer 2027 internship listings were posted July 5, 2026.
Tower Research Capital lists Quantitative Trader/Researcher (quant trader), Quantitative Trader/Researcher (quant researcher) and Quantitative Developer (quant developer). Its US quant listings are in New York and Chicago. In office in New York or Chicago.

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